Remuneration: Brazilian bucks leave globals gasping

Global investment banks under domestic pressure to curb salaries and bonuses face a dilemma in booming Brazil: how to compete for skilled staff in a market where local competitors face no such constraints. Chloe Hayward reports.

The Pactual partners: should I stay or should I go?

BANKERS’ PAY IS a sensitive issue; never more so than now. As US investment banks finalize their executives’ bonus packages, the financial world and ordinary taxpayers wait for those who receive extraordinary amounts to be vilified in the media once again. When the Swedish prime minister, Fredrik Reinfeld, announced at the end of the G20 meetings that “the bonus bubble burst tonight” he clearly didn’t have Brazil in mind.

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